Blue Trust Inc. Purchases 5,626 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Blue Trust Inc. boosted its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 563.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,624 shares of the company’s stock after purchasing an additional 5,626 shares during the quarter. Blue Trust Inc.’s holdings in Silvercorp Metals were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SVM. Tidal Investments LLC bought a new stake in Silvercorp Metals in the 1st quarter valued at $17,619,000. Acadian Asset Management LLC lifted its position in shares of Silvercorp Metals by 1,218.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company’s stock valued at $4,520,000 after acquiring an additional 1,252,174 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Silvercorp Metals by 4.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,670,682 shares of the company’s stock valued at $15,226,000 after acquiring an additional 199,916 shares during the period. TD Asset Management Inc bought a new stake in shares of Silvercorp Metals during the 2nd quarter valued at $568,000. Finally, Renaissance Technologies LLC lifted its position in shares of Silvercorp Metals by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,636,096 shares of the company’s stock valued at $15,577,000 after acquiring an additional 110,200 shares during the period. 22.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm cut their target price on Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a research report on Wednesday, August 21st.

Silvercorp Metals Stock Down 1.7 %

Shares of SVM opened at $4.61 on Friday. Silvercorp Metals Inc. has a 12-month low of $2.08 and a 12-month high of $5.32. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 17.07 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. The business had revenue of $72.17 million during the quarter, compared to analysts’ expectations of $72.00 million. As a group, research analysts forecast that Silvercorp Metals Inc. will post 0.34 earnings per share for the current fiscal year.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.